Overseen by Professor Michael Waterson of Warwick University, the review calls on companies like Viagogo, Get Me In, StubHub and Seatwave to take more action to prevent touts from buying concert tickets in bulk.

However, it does not recommend any changes to the law. Fans had called for a price cap, limiting the profit made on any ticket resale to 10%, but this was rejected by Professor Waterson who said such a move would “legitimise” touting.

A joint statement signed by the managers of Iron Maiden, Arctic Monkeys and others reads: “Professor Waterson exposes a dysfunctional and under-regulated ticketing market.

“His review calls on government to enforce the law, and for secondary ticketing sites to apply the law and show responsibility.

“We believe that fans should be given every opportunity to buy and exchange tickets at the price they were intended – not see them used as collateral to boost the profits of scalpers.”

A spokesman for Stubhub, which is owned by eBay, says: “We welcome Professor Waterson’s recognition of the benefits for consumers from the secondary market and his decision to reject further legislation at this stage, including price caps.

“But we are concerned that there are still insufficient legal safeguards to stop event organisers using row and seat number details to cancel, without compensation, tickets offered for resale. Transparency should not come at the expense of people’s right to resell their tickets.”